Mississauga ranked as one of Canada’s best locations for business and investment for eighth straight year

Site Selection Magazine has once again recognized Invest Mississauga, the City’s Economic Development Division, among the top 20 local and regional groups excelling at positioning their city as one of Canada’s best locations for business, jobs and investment. This marks Mississauga’s eighth straight year on the list, which scores municipalities based on corporate end-user facility investments, job creation data and the magazine’s research.

This prestigious ranking recognizes the City’s commitment to promoting Mississauga as a competitive, prosperous, sustainable and inclusive economic centre.

A thriving and prosperous global business centre

As the City commemorates and reflects on the last 50 years, there is a lot to be proud of and many accomplishments to celebrate. Today, Mississauga has one of the world’s most diverse economies. We also have exciting developments to highlight, including recent investments and updates benefitting the businesses that call Mississauga home. For example:

• First Choice Beverage Inc., a Canadian producer of juice and dairy alternative products, is investing almost $50 million to boost the company’s manufacturing capacity in Mississauga. This will add 20 new jobs to its existing workforce of 100 people. In support of this investment, the Ontario government is providing First Choice Beverage Inc., a subsidiary of Lee Li Holdings, with $5 million in funding through the Advanced Manufacturing and Innovation Competitiveness stream of the Regional Development Program.
• Eurofins CDMO Alphora Inc., a contract development organization specializing in biopharmaceutical research and development, received $22.4 million through the federal government’s Strategic Innovation Fund to support the construction of a new biologics facility in Mississauga. The new facility will support Canada’s response to health emergencies and will generate 120 jobs, along with 65 co-op positions.
• SPEC Labs, a new 20,000-square-foot dedicated wet lab space for innovative life science companies, received an investment of $5 million from Federal Economic Development Agency for Southern Ontario (FedDev Ontario). This space will offer scaling life science companies ready-to-use lab facilities and access to world-class equipment and expertise to support their growth.

Businesses choose Mississauga for investment and growth because the City’s customer-focused and collaborative approach provides key support for companies at every stage, from start-up to scale-up and beyond. For example, Invest Mississauga provides customized market and data insights, sector-specific programs and services, and access to a large network to help entrepreneurs and businesses make informed decisions more quickly and effectively.

IDEA Mississauga, an arm of Invest Mississauga, supports the city’s startup community, and accelerates inclusive entrepreneurship. Through the IDEA Entrepreneurship Hub, located inside the Square One Shopping Centre, entrepreneurs can come together in a collaborative, creative space. Founders can connect with mentors, partners, and access talent and programming that will help take their ideas to the next level.

Mississauga’s strategic location in North America is another significant advantage for businesses. The robust supply chain, global market access, Toronto Pearson airport, two post-secondary institutions and skilled and diverse talent pool make it an ideal location for business growth, which is why it remains a top choice for leading companies.

Read Site Selection’s September 2024 issue, highlighting Mississauga’s accomplishments alongside other top Canadian economic development groups.

Quotes

“Businesses choose Mississauga because we have the right assets they need to grow and be successful, including a talented and highly educated workforce, strong partnerships, and integrated supply chains. As we mark the City’s 50^th anniversary, this recognition from Site Selection confirms that we’re on the right track. Invest Mississauga, along with City Council, will continue to advance our economic development efforts to ensure we remain a top destination for leading global businesses.” – Mayor Carolyn Parrish, City of Mississauga

“Invest Mississauga has consistently demonstrated leadership and dedication to providing services, programs and resources essential for our business community to succeed. We are proud to be recognized by Site Selection, reinforcing the City of Mississauga as the top choice for business, jobs and investment.” – Christina Kakaflikas, Director, Invest Mississauga, City of Mississauga

Tags

• Awards and Recognition
• Economic Development